Alamos Gold Inc. (TSE:AGI) Given Consensus Rating of “Buy” by Brokerages

Alamos Gold Inc. (TSE:AGI) (NYSE:AGI) has earned a consensus rating of “Buy” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$40.50.

Several research firms recently commented on AGI. National Bank Financial upgraded shares of Alamos Gold to a “strong-buy” rating in a research note on Friday, March 21st. Canaccord Genuity Group upped their price objective on shares of Alamos Gold from C$39.00 to C$44.00 and gave the company a “buy” rating in a research report on Monday, April 7th. CIBC increased their target price on shares of Alamos Gold from C$46.00 to C$48.00 in a research note on Thursday, April 17th. TD Securities lowered their price target on Alamos Gold from C$48.00 to C$45.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Finally, National Bankshares raised their price objective on Alamos Gold from C$38.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 19th.

Alamos Gold Price Performance

Shares of AGI stock opened at C$36.61 on Thursday. Alamos Gold has a 12 month low of C$20.99 and a 12 month high of C$42.97. The company has a quick ratio of 1.06, a current ratio of 1.62 and a debt-to-equity ratio of 8.48. The firm has a market cap of C$10.83 billion, a PE ratio of 43.59, a price-to-earnings-growth ratio of -2.10 and a beta of 1.10. The stock has a 50 day moving average of C$37.28 and a 200-day moving average of C$33.39.

Insider Activity at Alamos Gold

In related news, Senior Officer Gregory S. Fisher sold 10,000 shares of the business’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of C$37.27, for a total value of C$372,700.00. Also, Senior Officer Grace Tang sold 4,000 shares of the company’s stock in a transaction on Friday, May 23rd. The shares were sold at an average price of C$36.00, for a total value of C$144,000.00. Insiders have sold a total of 86,245 shares of company stock valued at $3,193,307 over the last quarter. 0.27% of the stock is owned by company insiders.

Alamos Gold Company Profile

Alamos Gold Inc acquires, explores, and produces gold and other precious metals, and operates in two principal geographic areas: Canada and Mexico. The company has three operating mines in North America: the Young-Davidson Mine in Canada and the Mulatos and El Chanate Mines in Sonora, Mexico. The Young-Davidson mine is the group’s largest revenue contributor, and the property also holds mineral leases and claims covering approximately 11,000 acres.